Bitcoin Cash (BCH) was created in August 2017, when Bitcoin had a fork that allowed for increased block size and scalability. Bitcoin Cash (BCH) continues Satoshi’s dream for Bitcoin to be used as a peer-to-peer currency in everyday transactions.
Robert Ver promotes increasing block sizes to achieve daily usage transactions and low transfer fees. Even if Bitcoin Cash (BCH) differs from Bitcoin (BTC) based on ideology and block size, it still uses Proof-of-Work (POW) to mine new coins. Since the 2017 fork, Bitcoin Cash was increased to 32MB blocks and developed the coin into a payment method used worldwide. The developers created a powerful map that will take BCH into a bright future.
Who is Roger Ver?
Roger, Roger Keith Ver by his full name, was born on January 27, 1979, in San Jose, California. He invested in Bitcoin since 2011, and invested millions of dollars in bitcoin related businesses.
Roger Ver is the creator of many bitcoin-related businesses and start-ups and is called “Bitcoin Jesus” because of his active work in promoting Bitcoin. Roger Ver served as CEO of Bitcoin.Com until August 1, 2022, when he moved to the position of Chief Executive, and Fortune Magazine named him one of the creators of Bitcoin Cash (BCH).
Contract Trading is a method of trading that aims to profit from market volatility. This method allows users to forecast whether the price of an asset will go up or down, which involves leverage.
traders do not buy or sell assets, only speculate on the price and predict whether its value will go up or down. Trading contracts can generate profits faster than holding assets but the risks involved with this type of trading are higher. Bityard has two types of Contract Trading: Cryptocurrencies and Derivatives.
Contract trading is different from spot trading. Trading instruments called contracts allow investors to trade based on the price movement of the cryptocurrency, in the future or at a desired price. This involves leverage and therefore traders do not buy or sell assets, only speculate about price movements. With trading fees set at 0.05%, Bityard has trading fees that are lower than the industry average.
In the scenario below, we predict that the price of Bitcoin will rise. Selecting “Long” will open a contract, at the current value of $479.51 and above. The BCH price has had a 30-minute growth period, which started near $450, and will most likely continue to gain value.
For this contract I set the leverage at 20x, 50 USDT to buy the contract. Once confirmed, the Bitcoin Cash (BCH) contract will appear at the bottom of the dashboard, under the “Position” tab. The contract details will include the name of the cryptocurrency, leverage, selected margin, opening price and opening time.
Trading contracts involves risk, as prices can move in any direction. The contract will be closed automatically if the price will rise or fall at the set value, or can be closed by the user at any time. Manually closing a contract is a profitable method when the value is close to the set value and the price stops moving. Closing the contract will result in a smaller profit but will reduce the time wasted and stress caused by price volatility.
In this case, the value of Bitcoin Cash (BCH) recovered from the decline and we closed the contract manually for a 30% profit, 15.07 USDT.
We are waiting for another price drop to add more “Long” contracts and close them all for more profit.
Note: This is not Financial Advice!
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Why We Recommend Bityard?
Bityard is the world’s leading cryptocurrency derivatives exchange, fully regulated and compliant with international law, with its main activity in leveraged cryptocurrency contracts and derivatives exchanges.
Bityard operates under licenses from four different countries: the United States, Australia, Singapore, and Estonia. The following licenses govern exchange activities: ACRA Singapore (Accounting and Corporate Regulatory Authority), The American Money Services Businesses (MSBs), MTR Estonia (Register of Economic Activity) for the European Union, and the Australian Center for Transaction Reports and Analysis (AUSTRAC)
The Bityard engine is the fastest on the market, processing up to 1 million transactions per second. Exchange is readily available for mobile (Android & IOS) and web, and has the lowest transaction fees. The website interface is available in nine different languages with 24/7 customer support via email and live chat.
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